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Henrik Fisker Files $100 Mil lawsuit Against Aston Martin

Danish designer alleges extortion.

by on Jan.04, 2016

A sketch of the Fisker Force 1.

Danish designer and entrepreneur Henrik Fisker has filed a $100 million lawsuit against his former employer, the British automaker Aston Martin, alleging “civil extortion.”

The suit, filed in federal court in Central California, centers around the Force 1 sports car Fisker is planning to reveal next week at the 2016 North American International Auto Show. It claims that Aston has taken steps to block the debut of the car or make changes before its launch.

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“This is a classic case of David vs. Goliath,” said Fisker. “Aston Martin is trying to intimidate me to prop up their own flailing company and to mask their financial and product deficiencies.  I refuse to be intimidated and that is the reason for today’s filing.”


Fisker Facing Investor Lawsuit

Could complicate bid to raise cash.

by on Feb.21, 2012

Fisker founder Henrik Fisker with the Karma.

With the fate of its $528 million Department of Energy loan in limbo, Fisker Automotive has been rushing to sign up new investors, reportedly already lining up $260 million during recent months. But the California start-up could be facing new problems in the form of a lawsuit by an investor accusing it of bait-and-switch tactics.

Though it’s unlikely the suit itself could bring a major new financial burden on Fisker, several observers cautioned it could create another management diversion and throw up a red flag that might scare off other potential investors.

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The timing, meanwhile, couldn’t be worse.  Fisker is finally getting to market with the much-delayed Karma plug-in hybrid sports car, but it needs additional funding to ensure that the company’s more mainstream second project, codenamed Project Nina, gets into production in 2013 – also about a year behind schedule.